Experience Geist lifestyle at its best in this exceptional home located in the sought-after Sail Place low maintenance community, just 1 block from Geist Reservoir and the sailing club. With a deeded dock, walkability to restaurants, coffee shops, the water, and access to the top-rated Hamilton Southeastern School District, this location offers a rare combination of convenience, recreation, & community. Inside, the home welcomes you with abundant natural light, oversized windows, and soaring ceilings that create an open and inviting atmosphere. The great room serves as the centerpiece of the main level, complemented by a private office with French doors and a formal dining room. The modern kitchen is designed for both entertaining and everyday living, featuring an oversized island, walk-in pantry, and breakfast area, all flowing seamlessly into a bright sunroom with access to the main-level deck-perfect for morning coffee or evening relaxation. The main-level primary suite provides a peaceful retreat with a spacious ensuite bath. Upstairs, two generously sized bedrooms with a Jack-and-Jill bathroom provide privacy and flexibility, while the impressive 30x12 finished bonus room over the garage offers endless possibilities-perfect for a playroom, dance studio, fitness space, or additional living. The finished walkout basement dramatically expands the home's living space, offering a second living area, dining space, and direct access to the lower patio and backyard. This level also includes a bedroom with egress window, full bathroom, dedicated media room, workout area, wine storage, and a multi-purpose room ideal for a home salon, studio, or creative workspace. Additional highlights include updated flooring throughout and a 3-car garage, extra storage. With its rare walkability to Geist, deeded dock access, expansive living spaces, and unbeatable location, this home offers an extraordinary opportunity to enjoy luxury and the best of waterfront community living
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
